Evening Star Newspaper, December 24, 1934, Page 11

FINANCIAL, BONDS IMPROVE LATE IN SESSION Gains Are Made More Nu- merous, but Small Irregu- larities and Lull Persist. BY BERNARD S. O'HARA, Associated Press Financial' Writer. NEW YORK, December 24—Gains in the bond market became more nu- merous in the late trading, although the list showed minor irregularities and dealings remained small. A few of the second-rate issues like American & Forelgn Power 5s and Missouri Pacific 5s, series F, pushed up & point or more. High-grade loans were firm. In the United States Government division Treasury issues were a shade higher in a few instances. The guar- anteed eased. The foreign department was mixed. CONTINUED RISE SEEN IN TRANSIT REVENUES Special Dispatch to The Star. NEW YORK, December 24 —Transit revenues for the calendar week end- ing with Saturday, December 15, 1934, as reported by & representative group of companies recorded con- tinued gains over last year, as shown by the Transit Journal indicator, which stands at 101.63, as compared with the corresponding week in 1933, This is a slight reduction from the figure for the week ending De- cember 8, 1934, for which the indi- cator stood at 103.59. ‘Trends for the week were generally upward, although gains were less in amount than for the preceding week. A loss on properties In the Middle. Atlantic States was due principally to a severe snow and sleet storm last year, which caused considerable addi- tional riding. SOME COMMODITY MARTS REMAIN CLOSED TODAY | By the Assoclated Press, NEW YORK, December 24.—Trad- ing sessions on some of the com- modity exchanges were shortened to- day to permit Christmas eve merry making, and & few of the markets made it a two-day hollday by sus- pending business altogether. The copper, tin, lead, zinc, hides, rubber, tobacco and Savannah naval stores markets remained closed, while the New York Cocoa Exchange, cotton- seed ofl and provisions, the Chicago Board of Trade and other North- western grain markets arranged for half day sessions today. All domestic and foreign markets will observe the Christmas holiday. CHICAGO LIVE STOCK. CHICAGO, December 24 (# (United States Department of Agriculture). ylogs : active. pigs, 4.50 down! ; light light, good 350 pounds, packing sows, medium and good, 50 ounds, 5.50a6.15; pigs. good and choice, 00-130 "pounds, 3.50ad.75. Cattle, 7,000 commercial, 1,000 Govern- ment; calves, 2,000 commercial, 500 Gov- rnment; fed steers and yearlings 25 to 40 higner; very slash markets with all i buying, although small killer and Shippers most active. bap, 10,50 on weighty steers: several loads, 10.00a40: best Jearlings, 10.15; practically everything sold; lower grades turning on both_stocker and killer accounts at 3.0085.50, but mainly 7.00a0.50 steer market; other killing classes = unevenly strong to 35 higher. Slaughter cattle 00d and choice, 6 0: 900-1,100° pou 1,100-1,300 pounds, 1,500 pounds, 7.00a1 550-1,300 : common and low cutter and cutter, yearlings excluded), good cutter. common and icnd and 3 5.00; cull and 5.0083.50. ° Stocker_and feeder cattle: Steers [ od and choice, 500~ 1,050 pound: . common an medium, 2.25a4.00. Sheep—10.000; asking prices and early indications 50 cents and more huzh!l’ on slaughter lambs: strong on aged sheep: feeding lambs steady: bidding . ”'u:m on gzmr grade slaughter lambs; ewes. 2.508 50; feeding lambs. 2.25a5.50. lmcuy hoice nu table ul-u hter sheep and lambs: pounds ulls S 00ad 00 lown, good and cholc d medlum‘ 000- good » 1l weig] commun PRy LESS TIN CONSUMED. NEW YORK, December 24 ().— World consumption of tin for the year ended in October was put at 32,900 tons, compared with an estimate of 128,000 tons in the preceding 12 months. Washington Exchange Notice—This exchange will be closed fomorrow—Christmas dey. SALES. Lanston Monotype—10 at 48, 10 at 48, sg &t 48, 10 at 48, 10 at 48, 10 at 48, AFTER CALL. at 48. Washington Gas 6s B—$100 at 103, Bid and Asked Prices. ot. Elec, otomac Elec Wash. i 5 i Wuh Gas 6s, series ‘Wash. E'y. & Elec. 4 Barber eu& Inc, Bl4s Columm- countn glv'b BYas r MIg. g ?l. Cold Ctorage STOCKS. y Riggs pld.” (5) Washington (6 TRUST COMPANY. Sec_& Trust Co. (8). 8av. & Trust an & Trust (8 SAVINGS BANKS. Bank of Bethesda (3). Com. & Savings (4). Amer. National Wash. American l"l Hmon-l onon. (70).. g TITLE INSURANCE. lumbia (.30).. .. ot SEB885ERmms E13wo o BONDS ON NEW YORK ST'OCK EXCHANG LII!RTV DOND.- Low. 2.88. 8168 1932-47..... ws 23 10320 wszo 1stcv 435 32-47. 10318 10318 10318 4th 43¢5 33-38 reg 10324 10321 10321 4th 415 33-38 3d called.. 10127 10127 10227 4th 43 s 33-38 10125 10125 10125 8d called reg. . TREASURY BONDS. 38194648 .. 10024 10022 10022 3s 1951-55 10023 10021 10021 3% 1946-4' 10123 10120 10123 3145 1949-52 10117 10115 10115 3181941, 10415 10413 10413 318 1944-46 10223 10220 102 23 3381940-43 June 104 14 10410 10411 335 1943-47.., 103 26 10326 103 26 3% 1946-56 106 30 10630 10630 48 1944-54.. 108 23 108 20 10820 4%8-3% s 43-45.. 10224 10228 10228 4348 1947-62...., 1181 11281 11231 FEDERAL FARM MORTGAGE BONDS. 381949, 00000... 9918 9915 9918 HOME OWNERS LOAN BONDS. .. 9621 9618 9620 +. 10024 1002 810023 FOREIGN BO]NDS High. Low. 2:55. Abitibi Pa&Pw bs '53. % 301 30% Antioquia 78°45 A 19 11 Antioquia 7s'45 B 10% 10% Antioquia 7s’45 D 10% 10% Argentine 5% 62 90% Argentine s ‘5 933 Argentine ¢ 93% 93% 933, 935y 93% 3% 93% 96% 101% 101% 1013 101% 93% 96% 101% 101% Australia 5s °65. . Austrian 7s 43 gtd. Batavia Petm 4348°42 110 110 110 ‘66 . 101% 101% 101% 103 103 103 « 110% lNVn 110% 27 2% 29% 31 51% Berlin 6%s°50. Berlin Elec 6s '55 Berlin Elec 6148 '59 Bolivia 7s '58. . Bolivia 75°69. Bolivia 8s 47, Brasil 618 '26-57.. Brazil 6%s'27-57 Brazil 7s'52 Brazil 8841 Brisbane 5s '57. Brisbane 5s '58. Brisbane 6s'60. Buenos ACy 6% Buenos A6 8'615tPV. Bulgaria 71%s'68.... Bulgaria 7138 '68 coupon on. 9 621 16% 18% 105% 104% 103% 103% llZ!’. Hg‘i 1 8 Chile 6s'62. Chile 65 '63. Chile 7s'42. Chile Mortg Bk 6s 61 Chile Mortg Bk 6s'62 Chile Mtg Bk 61,857 Chilean M L 78 '63... Colombia 6s°61 Jan.. Colombia 65 '61 Oct. .. Copenhagen 4%s '63. Copenhagen bs '52... Copenhagen Tel 68 '54 Cuba 53s'4 Cuba o%s '58. Cund’amarca 6%s'59 Czechoslovakia 8s '51 Czechoslovakia 8s "52 ark 63%s'65.... Deu Bk 6536 et'tfi. . —_—— Elec Pow Ger 64850 100% 104% 101 183 185 Ger C Bk A 65'60 Oct.. Ger Gen El 6348, Ger Gen E1 78 "4, German Gov 5%s "65. Ger Prov & City Bk con Ag 6%s'58.. German Rep 7s’49... Graz 8s '64 unm co on Grt CElJap 6345 '50. Grt CElJap 78’4 d | Hansa SS 68’39 ww... singTors 6148 Hung Con M 78’4 Hungary 7%8 ‘44, Italy 78 '61. KreuwhToll 5s'59Acts.. Low AHy B6%s’44., Milan 6% Minas Gers 6348’68 Minas Gers 634 8/69.. New 80 Wales 58 '57. 100% 100% New So Wales 6s°68. 100% 1oov. Norway 6s'63 984 Norway 5% '8 Norway 6s‘52. . Norw Mun Bk 5870, l\oeryElB%l’H.. Nuremberg 6s8'5 Qriental Dev §34n 53, Oriental Dev Oslo 6s 66, OsloG&EGs'63...01 —_— Rhine W, E1 P 6 Rio Gr do Sul Rio Gr do Sul Rome 6%s Sao Paulo Cy 85 /52 Sao Paulo St Sao Paulo 8t Warsaw 78 '58....... Westphal El P 65°63. 34% Yokahama 6s'61..... 80% DOMESTIC BONDS. High, Low. 3. 104% 104% Abr & Straus 5% 8T 874 64 Adams Exp s 48 Alb Per W P 68 64 Alb&Sus 3%4s '46 K!fl. 100‘4, 122% “% 65 20% 20% Alleg Corp 6s 50 ctfs. 19% 19% Allis Chalm 6s°37. 100% 100% Am Chain 6s°38...... 99% 99% Am & For Pw 552030 534 52% % 66% sssz;ss;g PJH-I'I':E.EO 5% 9914 b4y 5% 100% 104% 101 183 185 43 40% 40 2T% 40% | 38% 834% 79 86 38 100% 29% 43 91 81% 94% 25% 95% 81% 19% 19% 1001 100! 984 2:65. 104% 8715 64 100% Td% 65 20 19 100% 99% 53% 66% A Ann A 1stexin Ark&MB&T . 102'/. 102 102 103% 103% 103% 104 104 104 '95. 101% 161% 101% 1063 1061 . 106% 106% 106% 2. 100% 100% 100% 2.. 79 8% 79 . 89% B9% 89 3T% 3T 3T Atl1 & Ch A L 55’44 Atl Coast L 1st Atl & Dan 1st 45 °48 Baldwin Loco 6s '40., 101% 101% 101% 69 00! 68% Bal&Oref 68’95 C... 80% B&0 PLE&WV 4s'41 98% Bal & O Swn 5s’50... Bal & O Toledo 4s '59. Bang & Aroos 4s '61.. 100% Bang&Aroos ¢ 51. 1011 101% 101% Bell T of Pa 6560 C.. 117% 117% 117% Beth Stlpm 68'36... 108% 102% 102% Bos & Me 4%s'61J 66% 663 Boston & Me 6s '65... TI% T1% Boston & Me 53 '6 . 72 1% T1% Bos& N Y AL 4s’55. 40 39% 40 Bklyn Edis 55’49 A.. 110 109% 110 Bklyn Edis 68 '52 E. 110 110 110 Bklyn M T 65°68 A... 104% 104% 1044 Bklyn Queens C&S con5s'41stpd.. 58 56% 58 Bklyn Un Gas 6s '45.. 115% 115% 115% Bklyn Un Gas §s'60., 103% 103 103 BR&Pcon4%s’'57.. 65! 65% 65% Bush Termcn 58°65.. 41% 41% 414 T1% Calif Pet db 5%s "38.. 102% 102% 102% Can Nat Rys 4158’61, 1141 114% 114% Can Nat Rys 4348 '54. 1037 103% 10315 Can Nat Rys 4%s 5:. 115% 115% 115% 105% 105'% 105% Can Nat Rys 4%8°66. 117% 117% 117% Can Nat 55’69 Oct.... 1197% 1197 119% Can Nat Rys 5s°'70..., 1197 118% 1197 Can Nor deb s 122 122 122 Can Nor deb 75 °40.., 107% 107} 107% Can Pac deb 4s perp.. 86% 857 &6% Can Pac 4138 '46. 99% 100 Can Pac 4 %8s '60. 9614 97 Can Pac 5s ‘b . 102% 10214 102% Caro C1&0 & «107 106 107 Caro C1& O os '53 AL 10814 108% 108% Centof Ga5s'69C... 10'; 10% 104 Centof Garf5%s’69 104 104 10% Tl T1% Cent N J gen bs 1057% 1057 Cent Pac 1st rf 45°49. 97% 9T% Cent Pac §s "6l 76 Cert'd deb 5348 "4 69% 70 Charles & Sava 7s '36. 104% 104% 104% Teeo 104% 104 1044 '92.00e 114% 1141 114% B. cosee IOS‘/. 108 108% - 111 110% 110% Chi & Alt ret ll RN “ 48% 48Y% Chi B &Q gen 4s '58... 107% 1074 107% ChiB&Q4%s'77.... 107% 107% 107% CB&Q Il div3%s'49 1027% 102% 102% CB&Q Il dlv 4s 49. .. 106% 106% 106% Chi & E1ll1 6s’61.... 8% 84 Chi & E1ll 58’61 ctfs T Chi & EIllcon 6s'34, 75 Chi & Erie 1st 58 '82.. 110% ChiG L &C5s'37.... 104 Chi Grt W 4s 59 stp.. 2T% Chi Ind & L ref 55" 47. 21 Chi In & L gen 5s 6% Chiln& L gen 6s'66. 6¢ CM&StP 4s '89. . 65 CM&StP gn 4s'89 reg. 51'% CM&StP gn 4148'89C CM&StP 4%!" 900 W gaamis AR CLE1-1-4 FR-RN anaaan 44 s::-v-vmw 2 wun » Chi Un Chi & chonll '52.. Chi& W 165%s '62... lU"‘A Childs Co 5843 Chile Cop deb 58 "47 'Img “|CinGasEl4s'68 A... 104 Cin Un Ter 4%s 2020, 109% Cin Un Term 6s'57 C. 118 CCC&StLrf 4%s'77TB 78 Clev & Mah V 5s'38.. 104 Clev Short L ¢ 61, 104% Clev Un Ter 4358 '77.. Clev U Ter s '73 B... Clev U Ter 5%8°72 A. 101% ColIndcltrbs’3é..n Col & Sorf 4%8s'86... 92 Col&Bo¢%8'80..... 71 Col G&E b 58'52Apr. Col G&B 68°562 May. . !2 82 82 ColG&KEEs’61. .. 80% 81 ColRP&L ‘%l‘tl.. 106% 106% 106% Com Inv Tr5%s'49., 111 111 111 Con Coal Md rf 6s'50.. 32% 31% 314 Con Coal Md srsoot- 31% 81% 31% 1043 104% 98ls 98% 100% 101 104% 103% 104% 108 108 108 82 824 99 1051 105% 1% 1% 1% Cumb T &T b8 T... 106% 1061 106} 101% 101% 24% 24% 91y 91% 0% T0% 81k 81y 9% 94v 94u 103 103 108 . 102 102 102 Den&R Gen 4s'36.., 354 34% 385 Den& R G rtbs'? 20% 204 20% Den&RG Whs'65... 11% 11% 114 10 10 10 D. 107% 107 107 '63. 109% 109% 109% 9.. 108% 107% 108% 40.. 106% 106% 106% 41 41 . 41 Duqu Lt 1st 4 %8 1084 108% 108% s uba S 7%8°37.... 8% 8% 8% Eg v &G::n s: 6. . 108% 108 108% Ed El Il Bklyn 48°39, 107 107 107 Eriecv4s’63 B. 6% 6% 6% Erle 489 9814 9814 984 Erie gen 45’96 5% 5% T5% Erie rt 6s'67 Eriert 6s°75.. Erie & Jersey 68 '55. . 114 _— Fla ECRy 6s'T4.... FlaECRybs'T4ctfs 9% 9 9 Fran Sug 7%s'¢2.... 22 22 22 Gannett 85 "4: . 100% 100% 100% GenAm Inv b8 63..m 99% 99% 99% Gen Pet b5 '40. 103 103 103 87% 87% 8T% 8% 8k 8% 8% Sk 8% 93 92% 92% 108 108 108 108% 103% 103% Gr Tr'kof Can 1067% 106% 106% Gr Tr'k of Can 7s°40. 106% 106% 106% GtNRref4%s’61A. 99% 99% 99 GtNRgen4%s'76D. 76 75 Gthnnflu"n B. 76 74- GtNRgen5 :é“ 81% 9% 3 Del & Hud rT 4s '43. .« 113% 113% 9% 9 9% 5 Gt NRgen 78’36 A.. Green Bay 58’62 B Har Ry-P C 1st 4: 94% Houston Ol 5% Hudson Coal 6s Hud & Man ref 63 '57. Hud & Man inc bs '57. —_— 11 Bell Tel 63 °56 111 Cent eoll tr 111 Cent ref 48’6 111 Cent coll tr 4s ‘63 Il Cent 4%s '66. 111 Cent Lou 3%s H . ICCStL NO4%s'63 111 Steel deb 4% s "40. Inland Stl 4%s'78 A, IntR T 1strf §: Int R T 6s°32. 86 T1% 107% 107% 107% 103% 103% 103% 82 81% [Int R T 78°33, Int R T 7833 ct18, eer 52A. Int Pap 18t65'47TA. o ou Inv Equity 65’47 Towa C 1st&rf 485 Kanaw & M 45’90 KanCFS&M 4 K CF&M rf 45 '36 cfs. Kan C Ter 1st 0 Kelly Spr Tire 6s'42. Kendall 6% 48 ww. Laautaro Nitr LV Pa con 45 2003.., LV Pacon4%s 2003, Lex & E Ry 5865, 000 42% 101% 102% 63% Ligg & Myr 6861, 00 . Ligg & Myr T8 44, Loew’s 6341 Long Isl ref Lorrillard 5s°61. Lorrillard 4 La & Ark 65 '69 Louisv G&E 5552 A. Lou & N 4132003 C.. Lou & N 5s 2003 B... —_— M'Cro’yS5%s’41 filed. McKess & R 5%s '50. Man S 71%8'42cfs m st Man Ry 48 '90....... Man Ry 4s'90 ctfs... Manila E1 R&L 5s'53. Market St Ry 78’40 A. Mead Co 6s°465....... Met Ed 1st rf 4%5s°68 Mich Cent 4345°79... Midvale St1&0 5s 86. 1025 lOZ’h Minn & StL 58’ 34 cfs. M.StP&SSM cn 4s ‘38 M StP&SSM bs°38gtd. M.StP&SSM 5148'78., MStP&SSM rf 6s’46A., MoK & T 1st 45 '90. MoK & T 4s'62 B. Mo K&T 5s'62 A. MoK & T adj 556’ Mo Pac 5578 G Mo Pac §s ' Mo Pac s ! Mo Pac 5s'811.. Mo Pac 55’81 A ct. Mo Pac 5% 49 A, Mont Cent 6s '37 Mont Pow ref 68 4. Morris & Co 4%s'39.. Mor & Esx 4348 '55... Mut Fuel Gas 5s " Murray Body 6% Namm & Sons Nat Dairy 6% NatR,M 41526 asst, National Steel 5s New Or GNR 5! ‘!J A. New Or PS58'52 A.. New Or P S 55 '55 B.. New Or T&M 4% 5'56... New Or T&M 5s ‘54 B. New Or T&M §s '56 C. New Or T&M 545’54, N Y Cent31s'97.... N Y Cent 33597 reg. NYCcond4s'98...... NYCref4%s2013.. NYCref4s2013n. Cref 63 2013.... ent cv 63 "44. CLSh2%s'98. C&St L 1st 45 '37. C&St L 4%s'78, C. Ce Q &StL 534874 A. &St L 1st 65 °35. Dock 1st 4s ‘61... Edison 5s'44 B. Edison 5s '51 Edisref 6% A2LLLLLLL L L LG 27 "»4»«1-44-4»«»«0«-% L&W 15t 4873 Y, NH&H 4% Y, NH&H cl trBl“O Y, NH&H cv 61 I. Y, O&W gen 4. Y. O&W ref 4292 VY S Rys 4%5'62 cfs Y Steam 1st 58 °51. Y Steam 5s " Y Steam 1st A N Y Tel gen 41839 ¥ Trap Rock 68 '46. NYW&B4ls 46.. Norf So 1st ref 6s '61. Norf & W 1st 489 No Am Co 5s "61 Nor Am Ed 55 ' SC.. No Am Ed 5%s°'63... Nor Pac gen 3s 2047 Nor Pac 48°97.....00 2047 222222222 Z 2242 Nor Pac 6s 2047. Nor Sts P 1st 55’41 'y —— Ohio Pub Ser 1%- ’IG 104% 80 SBh 62% 79 95 9214 101% 94 109% 1315 « 105% PacG&E5s'42 Pac Tel 1at 58°37.... Pac T & T ref 5s°'52.. Pan Am P C 63’40 cfs Parm B'way 634861, Par F La 65’47 filed. Par Pbx 5348 '60 ctfs. Par Pbx 63 '50 filed Penn R R 4148’81 D. Penn RR4%s Penn RRcn 4% 60, Penn R R gn ¢%s'65. Penn R R 4%s Penn R R 68 °64. Penn R R 6%3°36. Penn Q& D 438’7 PennP&L 4%s'8! Phila El Co 45’71, Phila& RC& 168’78 Porto Rico A T 6s PubSEI&G 0“- PubSE1I&G4% Pure Oil 6 %s 'a'l R-R-0 6541 Reading Jer Remin Arms 68’37 A. RETAWW, Rep I & St1 515’63 A. 6848 107 107 44 lou Richfield O 6s '44 ctfa RochG&EbS%s'48.. StJ Ry L H&P 5837, StL IM&S R&G 4538, St L-S F 48°50 A, St L-SF 4%s"78.... StL-SF 4%e'18 dlt. StL-SF6s60B...... St L-SF 5s'50 B cfs StLS W 1st 4s'89... 102% . 106% 107% 111% 39 45 61% 62 624 - 100% 100 114% 105% 937 105% 106% 105% 8% 1044 9814 98% 76% 8414 81 104% K 50% 102 . 111 507 507 4% 4316 105% . 108 107% 100% 99% 86% 29 98% 1095( StPKCSLa%s il. 14 St P M & M 55°43 ext. San A & A Pass 4543 Schuleo 6% s '46 B st. Seabd A L 4s 50 std. . Seabd A L adj 58°'49.. Seabd AL 6s'45 A.. . Seabd A L 6545 Acfs. Sea A-Fla 6s'35 Acfs. Sea A-Fla 65’35 B cfs. Sharon S H5%s Shell Pipe L 5 '52 Shell Un Oil 5s ‘47 Sierra& SF P 6s’49. Silésian Am 7s’41... 16% 3 9% 8 3% 3% 8 103% 102% 51% Low. 2:58. % 53% | Spokane Int §s 58% | Stand OfI N J & 67 |Stand OfIN Y 43 623 | Studebaker 65 ‘4. bak . 102% 1 108% 45 Tenn Bl Pwr 6847 A. . 97% | Term Assn St L 4863 l 37 | Texarkana 6%s 4 35% Tex Corpcvbs 103 107% | Tex & Pac §s ‘79 89% ‘A 40% 41% | Third A ad in ex 101 101 |Tob PrNJ 6%s 20! 102% 102% '.l‘olllbbhwl 50,0 85 . 100 621; 621 9T%h 9T% 107% 9% 9% UnlL.Pl*l 106% 42 42%|UnOCalb 47% 47%|UnOCalés’42A. Un Pac ¢s 108% 104% 105 80 1807 131 105 105% | Un Pac ¢%s 102% 102% ) United Drug 6s°63 112% 112% | U 8 Rubbe) 127% 127% | Utah L& T 65% 66% | Utah P& L 684 108 108 |Util P& L 58’59 ".. 20% 984 98% | UHI P& L6%s 4T... 26% 104% 104% Vanadium ovs‘41\ 85% 80% | VAaEI & Pevbi%m 42, 110% 93% [ Va Ry 18t 68’62 A... 111% 8 55'4 | Wabash ¢348°78..... 52 | Wabash 415 '78 ctfs. 8814 | Wabash lll:: ‘39 16% 92% | Wabash Om 33,8 '41 102% | Warn Bros cv 6s 8 8 | Warren Breov 6s'4l.. 30% | W Sh 1stés 2361 gtd.., 37% | West El ded 70 | West Md 1st 43’52, 19 | West MA5%s T77.... 96% 86% | WN T &P gen ¢s'43. 104 28 107% 40% 59t | West Pac5s'46 A.... 821 324 324 Aasst.. 314 314 314 69% | West Pac 6s: 321 | West Un 4%s'50. 8% | West Un bs'51. 2414 | West Un 63 '60. 84 85 843, 87% 87 831 83y « 103% 103% 108% Recelved by Private ‘flnnlnoih 102% 102% 103% 103% 43 45 89% 89% 108 103 102’/1 103 87% 100 100 107% 107% 105 105 107% 107% 104% 104% 104% 104% %03 i 89% 90 110% 110% 111% 111% 16% 27% 27 106% 107% 33 40 83% 96 96% 104 104 82 85 84 85 84y 2434 24% 22 24% 24 2214 6% 101% 914 101% 933, 103% 98 73 4 102% West Un 6348 Wheel Stl 434 Wheel Stl 61548 A., 100 WSpStlist7s's5ct. 9 Wilson&Co 1st 6s 41, 109 lOl\i 101% 101% 89 89 99% 100 9 105'}. 108% Youngtn S&T 68'78A. 93 92 Youngtn S&T 0B. 924 92 —_— NEW YORK BANK STOCKS MOVE SLIGHTLY LOWER Special Dispatch to The Star. NEW YORK, December 24.—De- 93 924 New York Cotton By the Assodlated Press. By the Associated Press. NEW YORK, December 24.—After & fairly active first hour and an ad- vance of about 5 to 8 pdntl on trade buying and covering, ton became comparatively quiet wdly Prices eased off during the afternoon under pre-holiday realizing or liquidation, with January relatively easy. Much of the trading consisted of switchung from January to later months in preparation for possible notices on ‘Wedp2sday. That delivery was sell- ing around 12.47 in the midafternoon market or 6 points net lower, while March was holding at 1263, with the general market for March and later deliveries about net, unchanged, to 2 points lower. Liverpool LIVERPOOL, December ~Ootton, 17,000 bales; Amnlnn nz Bpot |um. prices 3 points higher. Quotations pence: Ammun l"lct lood '1 88. sood middling, mw fldltn., 7. 18; s lcl la' middlini iddling, 6. t 800d closed qu! January, esa March, asb. May, July, 6.80; October, Cottonseed Oil. Bleachable cottonseed ofl futures closed rm: spot unquoted: Dece: Jlnu » 10.350; P!hl’ull‘], lU 25b h, 10.26b, 'April, 10.28b; May, 10.3%; June, 10. ales, 48 contracts, including 2 switches. b—Bid. LUMBER ORDERS HOLD ABOUT STEADY IN WEEK By the Assoclated Press. Due largely to reaction last De- cember from the November peak of 14 | new business preceding the first pub- lication of minimum cost protection prices under the lumber code, orders reported as booked so far this month are nearly 70 per cent heavier than those of the corresponding weeks of 1933, the National Lumber Manu- facturers’ Association reports. ‘Those received during the week ended December 15 were, however, no more than maintaining the av- erage of recent weeks and production was lower than for any week of 1934 since January, excepting the week of July 4. Production was given as 141,937,000 feet, shipments at 151,516,000 feet and orders as 170,819,000 feet. WHEAT EXPORTS DECLINE. NEW YORK, December 24 ().— Exports of wheat from United States and Canadian ports during the week ended December 15 totaled 1,682,268 bushels, compared with 1,891,187 in 6% | spite & strong rally on Friday, New |the preceding week and 2,910,662 in 106% 103% 93% 57 5214 5274 234 23% 921 81% 5914 59 64'a 111% 86% 9974 594 IH Gl 108'4 1084 113% 108 116 100 34% 35% 26% 40 5614 | 35,003 tons compared with 34,500 in C't 46 4TW 58% 24 104% 102% 10874 14 v um 16 2 1101 83 73 81 73 102 87% 93 99% 108% 103% 109% 109% 1315 131 104 104 101% 102 106 107% 1 38% 437 611 611 811 100 99% 114% 106% 9315 105t 105% 1055 78 1044 98, 9813 76% 8414 8014 104% T 50 102 111 504 50 44 42% 105% 107% 107% 10014 9914 106% 111% 38% 45 61% 61% 103&. 105'% 8% 8: 1041 4 50 102 111 507% 99 98% E 1095 9% 62% 16% 3 103 102% 51% Sinc Con O 6%s’38 B. 103% 102% Sinc Con O 7s 'l1 A. «« 1027% 102% 102% 107% | sod IR York City bank stocks again closed at lower levels for the week. The aggregate value of 16 leading issues, according to Hoit, Rose & Troster, totaled $1,298,419,000 on De- cember 21, against $1,309,686,000 at the close of the previous week, a decrease of $11,267,000, or 0.86 per cent. The current average yield of the 16 issues of 6.01 per cent compares with & yield of 595 per cent at the close of the previous week. The current market value is now 1.06 times the known book value, against 1.07 times on December 14. ———— WORLD ZINC OUTPUT LARGER IN NOVEMBER By the Assoclated Press. NEW YORK, December 34.—World production of zinc in November to- taled 118,194 short tons against 116,« 382 In October and 102,031 in Novem- ber, 1933, the American Bureau of Statistics reports. The United States’ share of production in November was October. Stocks in the Unifed States at the end of November were 116,076 tons against 111,027 at the end of October and cartel stocks at the end of No- vember came 7 122,741 tons against 123,79 at the end of October. GROCERY ORDERS CURBED. the same week last year, according to reports to Dun & Bradstreet. BONDS ON THE CURB MARKET. DOMESTIC BONDS. High. Low. Noon. Alabam Pw 4125 '07 nm‘. 108% luK‘ 0y Bl 20 1 1 0 5 is 57 57 Bel Tel Can 1 110% Brmngm El 4'ss 70, CAn-mnn Pe 05 Cap S A 03 ww. Clrol ' b ! 1 35 Citles Service 8% *68] Cit 8rv Gs P 65 EES FESFEER 252555 SS53X2GEZ NEW YORK, December 24 () — | Boy Protected with contracts for merchan- dise for the next 60 days, large whole- sale grocers, it is said, will do little buying in the primary markets dur- ing the next two months. City Plans Auto Race. Bray, Irish Free State, will hold a 102-mile automobile race in the busi- :zle:; and residential sections of the INSURANCE STOCKS NEW YORK. December 24 (& York Security Dealers Association: Bid Aetna Cas (213).. Aerna Fire (1. 60, Aetna Life (aa) Alnclllurll [} :m 3 uf reat Amer Halitax 1 50). Hanover (1.60) Hartford Fire o o enws R 20 Fire ( ‘ Nor' River, (H5e Phoenix (2138 Proy Wash (1 Ml) t. Paul Pire (6) Springfleld (4% un Z Travelers Fire (1.704 Westchester (1. ncluding ext; Declared or paid so far this year. U. 8. TBEASURY NOTES. (Reported by Chas. D. Barney & Co.) Sate—Maturity H22R.I8.8 & S IS 10m BI85 e b=t &5 ] a S & 228 someess BB R BB o .3 . 1 1 1 =5 TR () PDDBOE50DDDD B4 = ™ B3R! I bt st 22RBRERRRB2R2R2) 1 1 1 . 1 1 1 1 1 1 9 3 2 T R 10 R M2 i <t = (1 $RSIS 858 S ..aE'. SREIIBEBINS -, SoTDRBINIBIOF O B DTS DD OnNs | o4 g T DOt Bk O 31 DBV DRI133: _. s 22 s i SSgasaansenal SOOI RDOD: g DARG SEDHS < Houst Gl G 68 Hous L&P 41gs Indiana § 55 A "85 Internatl Salt 5s '51 Intersta Pw 58 '57. lnxersh Pw_6; N LP 55 1 Klfll Pow 58 Koppers G&C_ | Koonr G&C 5 WW—With warrants. xw—Without warrants. s (m—{l !l'uo lhll!lg mmmd I“lluflt’. thers are dealt in as unlisted 1c mun.l reported in receivership. METAL MARKET. NEW YORK. December 24 (. —Co) Epe s tuture Blu t and ady; spot. nearby '"b e ufll 3 t: No, Lead gte FINANCIAL. Egg Sales Arouse Fear of Mounting Prices Next Spring By the Associated Press. CHICAGO, December 24.—Mount- ing egg prices and a shortage in lay- ing poultry impend for next Spring, Prank Priebe, president of the Insti- tufi of American Poultry Industries, sald. Central West farmers are selling their poultry “at an alarming rate” because of high feed costs and the relative low prices for eggs, Priebe said. The condition, he said, “has reached such proportions in the last week as to become a serious concern to the entire industry. “Unless farmers realize at once the folly of their present frenzied mar- keting program all the pullets and new stock that may be on hand next in | Spring will be unable to supply the normal requirements of the Nation,” Priebe declared. ~|GOLD PRODUCTION ATRECORD LEVELS Minyes Pour Approximately $70,000,000 Worth Into Treasury in Year. By the Associated Press. SAN FRANCISCO, December 24— QGold production in the United States, stimulated by revaluation of the dol- lar, apparently skyrocketed this year to heights untouched since pioneer days. Rough estimates of the yield in the four greatest producing areas— California, Alaska, South Dakota and Colorado—showed, today their mines have poured about $70,000,000 worth | of the metal into the United States | Treasury during the year. Last year, on the same dollar valua- tion basis, they turned out only about $43,000,000 worth. Ordinarily these three States and | the Territory have been producing approximately 60 per cent of the Na- tion’s gold. If the nine other ducing States turn in similar records for the year, the total 1934 output will reach almost $120,000,000. Last year the total yield for the country was $82,355,700, on the new dollar basis. The comparative 1032 yield was $81,550,700. The United States accounts for, roughly, one-tenth of the world production. California Takes Lead. California’s army of Treasury dig- gers led the phrade of 1934 with the highest dollar value production since | 1883. Walter W. Bradley, State min- eralogist, estimated the year's “take” at $22,000,000 to $25,000,000, despite a strike of miners that has tied up four great producers in the mother lode country. The 1933 California production on the new dollar basis was about $15,000,000. The Alaska Weekly of Seattle, close follower of territorial mated the 1834 production for that area at $17,000,000, compared with | $14,000,000 in 1933. South Dakota, third producer be- cause of its rich Black Hills locations, was estimated to have yielded $16,- 500,000 this year on the basis of smelter receipts. Last year her pro- duction was $10,000,000. Colorado, ranking fourth, showed on the same basis a 1934 output of $15.000,000, compared with less than $4,000,000 in 1933. Figures Not Available. Figures for Arizona, Utah and Ne- vada, the remaining large producers, were not available, but mining au- thorities at Reno predicted Nevada would show a substantial advance. How the country’s cry for gold— | backed by a booming price—echoed in the mines and on the desert, spur- ring fortune seekers, was reflected in the boom and bustle of the California lodes. Since 1930 more men each year have been gold seekers. The lure was heightened January 31 this yea# when President Roosevelt set the price of gold up to $35 a troy ounce. Carrying on in the manner of the old prospectors are individual small opesators who, with burro or antique auto, forage mountains and deserts for gold. Their number, about 5,000 in normal times, has grown to an es- timated 15,000 in the last year or two. Leaving the drama of gold produc- tion to the man with the burro, it is the big operators—so listed if they produce 100 ounces a year or more— who maintain the State’s mining ? | prestige. CRUDE OIL PRICES. TULSA. Ol lrl‘lfl’ “ll! tfl nd North ntral TE avity l:l]! to $1.03. Eas ! ‘exas, $1 nrh Louisiana-Arkansas, gravity scale to $1.03: Gulf Coast. Xaus n|~‘l‘ X revicy scales to STMY and’ $1145 West ‘exas_(Permian B: . lfld 78 cenu Texas Panhandle, l‘flV“’ scales S i arca—Salt Oreek, W Mountain area- 'yo., navlr.{ scale to loz;‘ N stern area — Penns (Bradford-Aliegany). ey :ollahe"!!llhnknsynvlnll ll’lm. Pade 1n Eure T llne: srlfl llmt snde FOREIGN EXCHANGES. (Reported by W. B. Hibbe & Co.) Nominal % n Warsaw. mu B’enhllen. nrn'n . _Crot * Orssnized 1879 JOHN JOY EDSON, President —on affairs, esti- | NEW LEADERS RISE IN'U. 3. INDUSTRY Steel, Power, Railroads and Banking Affected by Influence. BY CLAUDE A. JAGGER, Associated Press Financial Editor. NEW YORK, December 24.—New leaders are appearing in the parade of American business and industry, like Taylor in steel, Carlisle in power, Pelley in railroads and Aldrich and Perkins in banking. Wall Street quarters, which keep & close check on the internal affairs of corporations, expect these and other new names, which have sprung up during the depression, to develop un- der petter business conditions. Many have been sought to replace veterans laying down their burdens. Others have been called from the ranks to replace executives who could 20t meet the test But it requires good times to bring them forth in great numbers. This, no doubt, is due to the tendency to strive to hold the fort during bad times. Some veterans have been urged to postpone their retirements until the storms blow over. Among the large industrial organi- zations, one outstanding job to be filled was the chairmanship of the United States Steep Corp. It was well known before the depression set in, however, that the mantle of the late Judge Gary would pass to Myron C. Taylor. Has Powerful Physique. Taylor, born of s moderately well- to-do family in Lyons, N. Y., 60 years ago is a man of powerful physique. strong features and conspicuous dig- nity of manner and speech. While he may look like big business, he does not talk it. Just a week before he became chairman of the world's | biggest steel company, in March, 1932, he said in ore of his infrequent public addresses “We have learned that the false gods of our ideals, the gods of size and speed, have proven powerless to help | us. Bigness has afforded us no lasting | happiness, and speed no economic security * * * * Another up-State New Yorker has become the head of one of the biggest generating and distributing companies in the electric power industry—Floyd L. Carlisle, native of Watertown, like Taylor, he studied law at Cornell, graduating in 1902, eight years after Taylor. Prominent Before Slump. Carlisle was also well on his way to high places in business and finance before the hard times. His law prac- | tice in Watertown led him into paper in the Adirondack area, thence into ‘water power. When the Niagara- Hudson Corp. was formed in 1929 on the crest of the boom Carlisle was chosen tp head it. Three years later he was selected to become chairman of the Consolidated Gas Corp., which serves New York City’s millions with electricity, gas | and steam. and which is now em- broiled with Mayor LaGuardia over | rates, facing the prospect of a muni- cipally-owned “yardstick” plant. Car- lisle still heads Niagara-Hudson as well. In railroading, a Middle Westerner with a Southern background has emerged within a few monthe as & leader such as the railroads have not had before. When the Association of American Railroads was formed last September, John J. Pelley was called from the | presidency of the New Haven Road to head it. He had been with the New Haven only since 1929. Born at Anna, 111, 56 years ago, he worked up through the Illinois Central, becoming presi- dent of a subsidiary, the Central of Georgla. Lead Auto Industry, In the automobile industry. Ford, |Sloan and Chrysler are still the big names. There have been numerous shifts in the big banks, where the financial upheavals and disclosures brought changes. Winthrop W. Aldrich, a lawyer, turned banker almost over- night when his brother-in-law, John D. Rockefeller, jr., sought & successor for Albert H. Wiggin as head of the Chase National Bank. James H. Per- kins, New Englander and Harvard man, with some 20 years’ Wall Street banking experience, took the helm at the National City Bank when Charles E. Mitchell resigned. N. R. A. has called a number of business men, with S. Clay Wililams and W. Averill Harriman in the fore- front. TRADING UNIT CHANGED. NEW YORK. December 24 (. —The New York Curb Exchange announce that the unit of trading th K OY h. Mlnfl!wll Mining & Mll‘luilcl\l!lfl o Tas been changed from 100 to 35 SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co.) A“l( Ch!lmesurl Co. 5 R oo B, [ 85 193 a8, 'm'n)s - SREER Delaware Huidso; Ben & Rio OF 1? Eduan EL Tllum._4s Pet. Corp IM Gen Bub, Service sie 1930 Gotham Eilk Hos. oy “Toa. . hern Ry, e 1036 Tiinois Central 614 1030 Inti. Tel 7/: 10: & - T EREE % SN S e ot [ s 230530050 pestuteaSHSS0SNEo R S005! TS R Tt D00>: & ¥ Warner Bros. 6s 103 :-» Eqmtable Co-Operative Bldg. Ass nj ASSETS $6,492,976.24 55th YEAR COMPLETED ‘WALTER §. PRATT, Jr., Secretary Subscriptions for the 108th Issue of Stock Being Received Do You Desire a Loan Real Estate or to Take Up First Mortgage? Taost desiring money to purchase a home, refinance present indebtedness or improve property should consult us. Applications will recelve prompt and courteous attention. Loans Repayable Monthly No Brokerage . . . No Commissions 915 F St. N.W.